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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 100 movers: Entain gains on Deutsche Bank note; Ashtead falls

(Sharecast News) - London's FTSE 100 was up 0.2% at 8,854.72 in afternoon trade on Wednesday. Entain was a high riser as Deutsche Bank hiked its price target on the Ladbrokes owner to 1,122p from 958p after the company upgraded its guidance for BetMGM following a strong first half from the US division.

Deutsche Bank rates the stock at 'buy'.

BA and Iberia owner IAG was also in the black following recent heavy losses, fuelled by rising oil prices.

Equipment rental firm Ashtead was the worst performer on the index a day after the release of its full-year results.

FTSE 100 - Risers

Melrose Industries (MRO) 488.40p 2.99% Entain (ENT) 857.00p 2.32% Flutter Entertainment (DI) (FLTR) 20,220.00p 1.74% Aviva (AV.) 614.40p 1.62% International Consolidated Airlines Group SA (CDI) (IAG) 317.80p 1.53% 3i Group (III) 4,146.00p 1.34% Coca-Cola HBC AG (CDI) (CCH) 3,906.00p 1.24% Pearson (PSON) 1,071.50p 1.18% Fresnillo (FRES) 1,449.00p 1.12% Imperial Brands (IMB) 2,959.00p 1.09%

FTSE 100 - Fallers

Ashtead Group (AHT) 4,457.00p -2.34% WPP (WPP) 520.80p -1.96% GSK (GSK) 1,452.00p -1.89% Convatec Group (CTEC) 280.80p -1.82% Berkeley Group Holdings (The) (BKG) 4,140.00p -1.62% AstraZeneca (AZN) 10,496.00p -1.56% Compass Group (CPG) 2,507.00p -1.53% Smith & Nephew (SN.) 1,061.50p -1.48% Rentokil Initial (RTO) 347.70p -1.45% Spirax Group (SPX) 5,805.00p -1.36%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.